Binance’s Yi He says revenue can cover hack losses without selling SpaceX shares
By John Chen
Binance's ability to cover hack losses with revenue highlights its financial resilience, but regulatory scrutiny on security practices may intensify. The post Binance’s Yi He says revenue can cover hack losses without selling SpaceX shares appeared first on Crypto Briefing.
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Explained in this story
Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Finance
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